Shares of QUALCOMM, Inc. (NASDAQ:QCOM) have been assigned a consensus rating of “Hold” from the thirty-four analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nineteen have issued a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $66.76.
QCOM has been the topic of a number of analyst reports. Vetr upgraded QUALCOMM from a “hold” rating to a “buy” rating and set a $69.52 target price on the stock in a research report on Monday, November 13th. Stifel Nicolaus restated a “buy” rating on shares of QUALCOMM in a research report on Thursday, October 12th. Canaccord Genuity raised their target price on QUALCOMM from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, November 13th. Citigroup raised their target price on QUALCOMM from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, Standpoint Research cut QUALCOMM from a “buy” rating to a “hold” rating in a research report on Monday, November 6th.
QUALCOMM (NASDAQ QCOM) traded up $0.17 during trading hours on Monday, hitting $65.43. The stock had a trading volume of 4,212,600 shares, compared to its average volume of 8,560,000. QUALCOMM has a 52-week low of $48.92 and a 52-week high of $69.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.00 and a quick ratio of 3.81. The firm has a market cap of $96,450.00, a PE ratio of 39.65, a PEG ratio of 1.89 and a beta of 1.39.
QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 1st. The wireless technology company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.22. QUALCOMM had a return on equity of 18.08% and a net margin of 11.06%. The firm had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period last year, the firm earned $1.28 EPS. The company’s quarterly revenue was down 3.5% on a year-over-year basis. equities research analysts expect that QUALCOMM will post 3.07 earnings per share for the current year.
In related news, EVP Matthew S. Grob sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $60.44, for a total value of $1,208,800.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Alexander H. Rogers sold 874 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $68.52, for a total transaction of $59,886.48. Following the completion of the transaction, the executive vice president now directly owns 12,035 shares in the company, valued at $824,638.20. The disclosure for this sale can be found here. Insiders sold a total of 72,989 shares of company stock worth $4,678,794 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in QUALCOMM by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 103,484,572 shares of the wireless technology company’s stock worth $5,714,418,000 after purchasing an additional 1,537,645 shares in the last quarter. FMR LLC lifted its stake in QUALCOMM by 16.5% in the 2nd quarter. FMR LLC now owns 80,528,523 shares of the wireless technology company’s stock worth $4,446,786,000 after purchasing an additional 11,387,347 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in QUALCOMM by 2.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 25,674,098 shares of the wireless technology company’s stock worth $1,330,946,000 after purchasing an additional 498,324 shares in the last quarter. Capital International Investors lifted its stake in QUALCOMM by 41.8% in the 3rd quarter. Capital International Investors now owns 21,455,439 shares of the wireless technology company’s stock worth $1,112,250,000 after purchasing an additional 6,322,645 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of QUALCOMM by 2.6% during the 2nd quarter. Northern Trust Corp now owns 19,519,161 shares of the wireless technology company’s stock valued at $1,077,848,000 after buying an additional 499,531 shares during the period. 76.20% of the stock is currently owned by institutional investors and hedge funds.
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QUALCOMM Company Profile
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal Frequency Division Multiplexing (OFDM)-based standard that uses OFDMA and single-carrier Frequency Division Multiple Access (FDMA), for cellular wireless communication applications.
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